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Dec 31, 2021
First BanCorp Q4 2021 Earnings Report
Reported net income of $73.6 million, resulting in earnings per diluted share of $0.35.
Key Takeaways
First BanCorp reported a net income of $73.6 million for Q4 2021, with earnings per diluted share at $0.35. The results reflect strong core performance and the integration of acquired operations, with loan originations reaching $1.3 billion, although total loans decreased due to reductions in SBA PPP and residential mortgage loans.
Net income for the fourth quarter of 2021 was $73.6 million, or $0.35 per diluted share.
Adjusted pre-tax, pre-provision income for the fourth quarter of 2021 was $104.9 million.
Total loan originations for the fourth quarter of 2021 were $1.3 billion.
Non-performing assets decreased to 0.76% of total assets.
Forward Guidance
The report does not contain specific forward guidance. It mentions that improved economic conditions and increased digital engagement should continue to drive core performance.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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